GOLD, SILVER, WTI | 27 March 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1476.90-1493.27. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1478.82-1485.85. At the moment, the GOLD is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 20.03.2020.


• Quotation of the higher boundary of the zone 1/4–1498.76.


• Quotation of the higher boundary of the zone 1/2–1481.26.


• Intraday objectives: update the highs from 20.03.2020–1516.26.


• Medium-term objectives: test the lower bound of WCZ–1524.36.GOLD, SILVER, WTI


• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.


• Buy: 1481.26-1498.76, Take Profit 1–1516.26, Take Profit 2–1524.36.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 16.915-17.227. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 11.985-12.127. At the moment, the SILVER is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 20.03.2020.


• Quotation of the higher boundary of the zone 1/4–12.665.


• Quotation of the higher boundary of the zone 1/2–12.265.


• Intraday objectives: update the highs from 20.03.2020–13.065.


• Medium-term objectives: test the lower bound of GWCZ–13.210.GOLD, SILVER, WTI


• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.


• Buy: 12.265-12.665, Take Profit 1–13.065, Take Profit 2–13.210




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.896-25.997. At the moment, the WTI is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 24.493-25.241. At the moment, the WTI is trading lower, indicating the strength of sellers.


• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 23.03.2020.


• Quotation of the lower boundary of the zone 1/4–22.287


• Quotation of the lower boundary of the zone 1/2–23.687.


• Intraday objectives: update the lows from 23.03.2020–20.887.


• Medium-term objectives: test the higher bound of GWCZ-19.967.GOLD, SILVER, WTI


• Trading recommendations: buys from the range of favorable in the formation of a reversal pattern.


• Sell: 22.287-23.687, Take Profit 1-20.887, Take Profit 2-19.967.


• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)

 

James Hoggarth
Analyst of FreshForex
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